MicroStrategy’s Near-Term Outlook Depends on This Bitcoin Price Level
After seven major Bitcoin buys, MicroStrategy’s $3.4B cost basis now sits near $91K, turning it into one of the market’s most important levels.
Bitcoin’s spot price remains stuck near $91,000, but options traders are preparing for turbulence.
Traders rotated to Monero (XMR), Zcash (ZEC) and Railgun (RAIL) as bitcoin, ether remain stuck under key resistance levels.
January 12, 2026, 10:16 pmRecord stablecoin supply is keeping ETH in the game.
January 12, 2026, 10:00 pmAfter seven major Bitcoin buys, MicroStrategy’s $3.4B cost basis now sits near $91K, turning it into one of the market’s most important levels.
Strategy (MSTR) just announced a new, massive Bitcoin purchase. The preeminent BTC treasury company says it has purchased 13,627 Bitcoin for approximately $1.25 billion. That’s the firm’s largest weekly purchase since last summer.
Market data shows that only 0.79% of Bitcoin’s total supply is currently locked in DeFi. The rest sits comfortably in centralized custody – with exchanges, ETFs, corporate treasuries or nation-states. Given that BTC is the world’s largest crypto asset, that’s an astonishingly small number to talk about.
Five key data points from ETFs and on-chain markets show whether Bitcoin is resetting or slipping into a bear phase as price holds near $90,000.
On Sunday night, a lot of people in markets did the same thing at the same time: they opened a video and listened to a central banker sound like he was reading from a crisis manual.
Bitcoin surged past $92,000 at the start of the week after the DOJ subpoenaed the Federal Reserve, sparking global market volatility and a flight to safe-haven assets like gold, which hit a record $4,600.
Eric Adams, the recently departed former mayor of New York City, endorsed a cryptocurrency called "NYC Token" from Times Square on Monday.
Bitcoin whales sold $286 million of BTC in January, but a slowdown in the distribution and accelerating bullish momentum could send BTC to $100,000 before the end of the month.
Bitcoin and Ethereum ETFs are surrendering nearly all 2026 gains as fading Fed rate cut hopes drive sizable crypto fund outflows.